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📅 July 3, 7:00 – July 9,
Analyst: Any pullback in the US dollar could be a catalyst for gold price breakthrough
Gold prices rose slightly on Friday as the US dollar weakened and safe-haven funds flowed in. Gold prices continued to pump this week as market attention shifted to the policy changes proposed by US President-elect Trump, which could affect future economic and interest rate prospects. Tim Walter, Chief Market Analyst at KCM Trade, said, 'We have seen an increase in safe-haven fund flows, which is beneficial for gold.' 'Any pullback in the US dollar could be a catalyst for gold breakthrough.' Trump's inauguration on January 20th will increase uncertainty, and his proposed tariffs and protectionist policies are expected to cause inflation and may trigger a trade war. In terms of geopolitics, the Israeli-Palestinian conflict and the Russia-Ukraine conflict continue. Julia Handoshko, CEO of brokerage firm Mind Money, said, 'Global trends will continue to play an important role and continue to drive the gold market forward. Gold will gradually grow and stabilize its rise value throughout the year.'